Common use of No New Liens or Exceptions Clause in Contracts

No New Liens or Exceptions. Buyer hereby objects to any and all liens and exceptions to title not shown on the preliminary title report procured by the Agency and prepared in relation to this Agreement by Escrow Holder (“Preliminary Title Report’). Further, during the period commencing on the Effective Date and continuing until the Closing, Seller agrees it shall not cause any new or modified lien or encumbrance to title to become of record against the Property, unless such lien or encumbrance is approved in writing by Buyer. Each and every new lien or encumbrance shall be subject to Buyer’s prior written consent and unless and until approved by Buyer shall be deemed a disapproved exception to title that shall be removed by Seller at Seller’s sole cost as a condition to Closing.

No New Liens or Exceptions. Buyer hereby objects to any and all liens and exceptions to title not shown on the preliminary title report procured by the Agency and prepared in relation to this Agreement by Escrow Holder (“Preliminary Title Report’Report subject to the provisions of Section 3 (b)(i) and (ii). Further, during the period commencing on the Effective Date and continuing until the Closing, Seller agrees it shall not cause any new or modified lien or encumbrance to title to become of record against the Property, unless such lien or encumbrance is approved in writing by Buyer. Each and every new lien or encumbrance shall be subject to Buyer’s prior written consent and unless and until approved by Buyer shall be deemed a disapproved exception to title that shall be removed by Seller at Seller’s sole cost as a condition to Closing.